INFINIT Opening DApp Creation to All with First-Ever DeFi Abstraction Layer
[PRESS RELEASE – Bangkok, Thailand, August 19th, 2024]
INFINIT, the first-of-its-kind DeFi abstraction layer, today announces that it will soon open dApp creation to all, allowing anyone to build and customize DeFi applications in a matter of minutes. INFINIT is a DeFi infrastructure that abstracts away complexities to launch and scale decentralized finance applications across any integrated chain. Like pump.fun before it, INFINIT enables anyone to enter the arena and build their own financial dApps.
Supported by prominent investors including Electric Capital and Mirana Ventures, among others, INFINIT’s platform will allow experienced and novice developers to create customized DeFi protocols within minutes, without the need for complex coding languages like Solidity or Rust. By leveraging TypeScript, developers will be able to easily integrate new functionalities to existing applications or launch entirely new customized DeFi applications in a few clicks. In its later phase, non-developers will also be able to launch and scale DeFi protocols directly from INFINIT’s user-friendly interface, where coding will not be required at all.
INFINIT has already facilitated over $630M in TVL across 12 protocols. Key successes include Ethena Labs and INIT Capital, which achieved $270M in TVL within four months of launch.
“INFINIT has driven our USDe trading volume and liquidity provisioning on both Mantle and Blast from day one,” said Guy Young, Founder at Ethena Labs. “INFINIT’s support has enabled us to rapidly expand into new ecosystems and set a strong foundation for future scalability.”
The rapid growth of Layer 1s, Layer 2s, and Roll-ups hasn’t been matched with an influx of high-quality dApps, which are required for a thriving DeFi ecosystem. Builders face significant setbacks due to niche skill requirements that create a high barrier to entry and lead to forking and increased risk of exploitation. INFINIT addresses these pain points by providing a robust, modular infrastructure that lowers the barrier to entry, reduces vulnerabilities, and enables rapid market entry and scaling for DeFi protocols. Additionally, INFINIT provides an infrastructure for any chain to easily integrate and immediately accelerate the growth of its entire DeFi vertical.
“We created INFINIT to revolutionize how DeFi protocols are launched and scaled by abstracting away the complexities,” said Tascha Punyaneramitdee, Founder and Core Contributor at INFINIT. “We are committed to becoming the backbone infrastructure for DeFi developers to build the projects that onboard the next million developers and users to DeFi.”
INFINIT supports the entire lifecycle of building a DeFi project, catering to developers at 2 project phases: Launch and Scale. In the Launch phase, INFINIT provides all the building blocks necessary to launch new DeFi protocols with customized features in minutes. This phase supports projects from stages 0 to 1, allowing developers to quickly create new products, from money markets to yield strategy protocols and beyond. In the Scale phase, INFINIT facilitates the seamless addition of new features or functionalities to existing protocols within minutes. For instance, developers can expand product functionality by integrating new DeFi strategies like leveraged yield farming.
About INFINIT
INFINIT is the first DeFi abstraction layer that abstracts away all the complexities of the entire process of launching and scaling DeFi protocols. With INFINIT, anyone can launch a customized DeFi application on any chain or scale existing applications with new functionalities in minutes. Any chain can integrate with INFINIT to drive the development of its entire DeFi vertical. INFINIT’s vision goes beyond being a platform but to become the backbone of DeFi, powering every DeFi protocol across every chain.
The post INFINIT Opening DApp Creation to All with First-Ever DeFi Abstraction Layer appeared first on CryptoPotato.
